Abstract
Since its introduction a year ago, the euro, the common currency adopted by the eleven member states of the European Monetary Union (EMU), has suffered a precipitous decline in its value — a fall of approximately 18 percent. Whereas this reduction in value may give rise to concerns about the stability of the new European currency, the Euro will persist and be successful as long as it is supported by the political will which created it.
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© 2000 Springer Science+Business Media New York
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Beckmann, H. (2000). Value Creation and a Single Market for Financial Services in Europe. In: Coffey, P. (eds) Europe — Toward the Next Enlargement. International Handbooks on Economic Integration, vol 3. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4539-2_5
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DOI: https://doi.org/10.1007/978-1-4615-4539-2_5
Publisher Name: Springer, Boston, MA
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Online ISBN: 978-1-4615-4539-2
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